In 2023, OTP Bank disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
OTP Bank also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.
Additionally, OTP Bank also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
Finally, OTP Bank also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate OTP Bank's reliance on fossil fuels versus cleaner alternatives.
Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
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Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2023, OTP Bank consumed a total of 1.11 million Gigajoules of energy across its operations. Of this total, 21.41% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 78.59% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
In 2023, OTP Bank consumed a total of 1.11 million Gigajoules of energy, of which 21.41% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that OTP Bank has considerable room to improve its energy sustainability strategy.
Since 2019, OTP Bank's total energy consumption increased by 48.91%, including a 1.47% increase in 2023, reflecting a sustained rise in overall energy demand.
Over the same period, the share of renewable energy in OTP Bank's consumption increased by 2,276.92%, including a 1,749.27% increase in 2023, showing consistent progress in clean energy adoption.
Overall, OTP Bank has seen rising energy demand, but has also made strong and consistent progress in increasing its reliance on renewable energyāmitigating the environmental impact of its growing consumption.
In 2023, OTP Bank disclosed detailed information on both the sources and generation technologies of its consumed and produced energy This disclosure enables a clearer assessment of the OTP Bank's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.
In 2023, OTP Bank's total energy consumption was primarily sourced from
In 2023, OTP Bank consumed energy from 6 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source.
In 2023, OTP Bank's energy production came primarily from
In 2023, OTP Bank produced energy using 1 different sources or generation technologies. The energy production mix is highly concentrated, with Other Sources alone making up 100% of total output.
In 2023, OTP Bank reported total energy inflows of 230,744 Gigajoules, which corresponds to the company's full energy needs, including energy consumed, redistributed, sold, or stored. This energy inflow was composed of 227,349 Gigajoules purchased from external suppliers and 3,395 Gigajoules generated through internal production. This corresponds to a production share of 1.47%, reflecting a 9,852.87% percentage point decrease from the previous year (2022) and a 9,852.87% percentage point decrease since 2019.
The declining share of internally produced energy, both over the past year and compared to earlier years, suggests growing reliance on purchased energy. This trend may reflect cost-optimization decisions, external sourcing preferences, or a deprioritization of self-generation efforts.